Medicare and Medicaid Reporting. Through Closing, the parties will timely file or cause to be filed all reports and claims of every kind, nature or description, required by law or by written or oral contract to be filed with respect to the purchase of services by third party payors, including, but not limited to, Medicare, Medicaid and Blue Cross.
Medicare and Medicaid Reporting. Until the Closing, Company shall have timely filed or caused to be filed all reports and claims of every kind, nature or description, required by law or by written or oral contract to be filed with respect to the purchase of services by third party payors, including, but not limited to, Medicare, Medicaid and Blue Cross. Company has paid or will pay all liabilities for contracted adjustments, discounts, refunds and other offsets in connection with the filing of such reports and claims through the date of Closing.
Medicare and Medicaid Reporting. 19 6.11 Current Return Filing..........................................................................19 6.12
Medicare and Medicaid Reporting. Until the Closing, Seller shall timely file or cause to be filed all reports and claims of every kind, nature or description, required by law or by written or oral contract to be filed with respect to the purchase of services by third party payors, including, but not limited to, Medicare, Medicaid and Blue Cross. Seller has paid or will pay all liabilities for contracted adjustments, discounts, refunds and other offsets in connection with the filing of such reports and claims through the date of Closing.
Medicare and Medicaid Reporting. 23 6.5 Current Return Filing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 6.6 Preserve Accuracy of Representations and Warranties . . . . . . . . . . . . . . . 24 6.7 Maintain Books and Accounting Practices . . . . . . . . . . . . . . . . . . . . . 24 6.8 Indebtedness; Liens . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 6.9 Compliance with Laws and Regulatory Consents . . . . . . . . . . . . . . . . . . . 24 6.10 Maintain Insurance Coverage . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 6.11 No Sale, Merger or Consolidation . . . . . . . . . . . . . . . . . . . . . . . . . 25 6.12
Medicare and Medicaid Reporting. From the date hereof until the Closing, Seller shall timely file or cause to be filed all cost reports required to be filed with respect to the purchase of services by third party payors, including, but not limited to, Medicare, Medicaid, and Blue Cross prior to Closing. Seller has paid or will pay all liabilities for contracted adjustments, discounts, refunds and other offsets in connection with the filing of such reports and claims up to Closing; provided, however, that if any adverse adjustments or offsets regarding operations on or after Closing are the result of the willful acts or omissions, or gross negligence, of Seller and/or its employees, representatives or agents, Seller shall be responsible for such adjustments and offsets. Seller shall be entitled to receive any refund or other benefit which may result from the filing of said reports and claims for operations up to Closing, and Buyer shall likewise be so entitled on and after Closing. Buyer will prepare and file the terminating cost reports for the Hospital. Seller shall assist Buyer in any way needed to complete the cost report in a timely manner. Seller shall have the right to review and approve said report prior to the filing thereof.
Medicare and Medicaid Reporting. Subject to the limitations on Sellers' indemnification obligations set forth in Section 9.5 hereof, Sellers shall assume and be responsible for any Material liability incurred by the Company as a result of the actual improper filing of all reports and claims of every kind, nature or description required by law or by written or oral contract to be filed with respect to the purchases of services by third party payors, including, without limitation, Medicare, Medicaid and Blue Cross. In addition, if any Material adverse adjustments or offsets regarding operations of the Company on or after the date hereof are the result of the willful acts of omissions, or gross negligence, of the Company, Sellers, and/or the Company's employees, representatives and agents on or prior to the date hereof, Sellers shall also be responsible for such adjustments and offsets(subject to the limitations set forth in Section 9.5).
Medicare and Medicaid Reporting. Shareholders shall jointly and severally assume and be responsible for any liability incurred as a result of the improper filing of all reports and claims of every kind, nature or description required by law or by written or oral contract to be filed with respect to the purchase of services by third party payors, including, without limitation, Medicare, Medicaid and Blue Cross. Company has adequately accrued or reserved for all liabilities for contracted adjustments, discounts, refunds and other offsets in connection with the filing of such reports and claims up to the Effective Date; provided, however, that if any adverse adjustments or offsets regarding operations on or after the Effective Date are the result of the wilful acts or omissions, or gross negligence, of Company, Shareholders and/or either's employees, representatives and agents, Shareholders shall also be jointly and severally responsible for such adjustments and offsets as stipulated in paragraph 4.9(4). Shareholders shall be entitled to receive any refund or other benefit which may result for the filing of said reports and claims for operations up to the Effective Date, and Buyer shall likewise be so entitled beginning on the Effective Date.
Medicare and Medicaid Reporting. Shareholders shall jointly and severally assume and be responsible for any liability incurred as a result of the improper filing of all reports and claims of every kind, nature or description required by law or by written or oral contract to be filed with respect to the purchase of services by third party payors, including, without limitation, Medicare, Medicaid and Blue Cross. Company has adequately accrued or reserved for all liabilities for contracted adjustments, discounts, refunds and other offsets in connection with the filing of such reports and claims up to the Effective Date; provided, however, that if any adverse adjustments or offsets regarding operations on or after the Effective Date are the result of the wilful acts or omissions, or negligence, of Company, Shareholders and/or either's employees, representatives and agents, Shareholders shall also be jointly and severally responsible for such adjustments and offsets. Shareholders shall be entitled to receive any refund or other benefit which may result for the filing of said reports and claims for operations up to the Effective Date, and Buyer shall likewise be so entitled beginning on the Effective Date.
Medicare and Medicaid Reporting. From the Effective Date and through Closing, Company and Subsidiaries will adequately accrued or reserve for all liabilities for contractual adjustments, discounts, refunds and other offsets in connection with such reports. Shareholders will be entitled to receive any refund or other benefit which may result for the filing of said reports and claims for operations up to the Effective Date, and Buyer will likewise be so entitled beginning on the Effective Date. If, following Closing, Company or Subsidiaries suffer any offsets which are not expressly reflected or reserved in the Interim Financial Statements and which offsets are against any reimbursement under any third-party payor or reimbursement programs due to Buyer, Subsidiaries or Company relating to the periods on or prior to the Closing, then JGM, JSM, WKM and the Partnership Shareholders, subject to the provisions of Article X, will immediately pay to Company the amounts offset, with interest at a rate equal to seven percent (7%) per annum; provided, however that Buyer will bear the risk of offset as to operations from the Effective Date through Closing so long as such offsets are not caused by the wilful acts or omissions, or negligence, of JGM, JSM, WKM and the Partnership Shareholders, Subsidiaries, Company and/or their respective employees, representatives or agents. The interest will accrue from the date of offset by the third party until the date paid by JGM, JSM, WKM and the Partnership Shareholders to Company.
